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Tag: stock market

Posted on 25/05/2025

Billionaires, tycoons choose Singapore to set up charity foundations

Some of the richest people in the world, such as American hedge fund billionaire Ray Dalio, Indonesian coal king Low Tuck Kwong and Brazil-born Facebook co-founder Eduardo Saverin, have set up ...

Posted on 25/05/2025

Recession-Proof Stocks To Invest In On The SGX

Sheng Siong, Sembcorp Industries and SPDR Gold Shares are some companies and ETFs that will likely remain resilient during a recession ...

Posted on 25/05/2025

25 years after investing big in biomedical sector, Singapore has tasted some success but the big league remains elusive

Despite world-class infrastructure and billion-dollar investments, Singapore’s biomedical sector remains under the radar. As the nation nurtures homegrown startups and pushes for commercial success, ...

Posted on 25/05/2025

Singapore’s MAS says chief didn’t say US dollar assets are irreplaceable

Singapore’s central bank said both cyclical and structural factors can affect the pricing and confidence in US dollar assets, adding that its managing director didn’t say earlier this week that dollar ...

Posted on 24/05/2025

Singapore jails mastermind behind US$10.9 million fake wine investment scheme

Eldric Ko, who was on the run for 13 years, offered a venture that purported to source wine from French suppliers and sell the product to investors.

Posted on 24/05/2025

‘Replicating Singapore’s path’: Ambani to double bet to Rs 75,000 cr, Adani to invest Rs 50,000 cr in Northeast

India’s corporate giants Reliance Industries and Adani Group on Thursday announced massive new investment commitments for the Northeast, signalling a bold push to transform the region into an economic ...

Posted on 23/05/2025

Mukesh Ambani pledges Rs 75,000 crore for North-East, sees ‘Singapore-like success’; Gautam Adani to invest Rs 50,000 crore

Reliance Industries and Adani Group have pledged substantial investments of Rs 75,000 crore and Rs 50,000 crore respectively, at the Rising Northeast Investors Summit 2025.

Posted on 23/05/2025

More companies, including some from Singapore, eye listings in Hong Kong

Singapore biotech firm Mirxes began trading in Hong Kong on May 23 at a valuation exceeding US$1 billion. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 23/05/2025

Trust Bank’s FY2024 net interest income soars 124.7% to S$72.8 million; losses narrow

SINGAPORE] Trust Bank on Friday (May 23) reported net interest income of S$72.8 million for the financial year ended Dec 31, 2024, up 124.7 per cent from S$32.4 million a year ago. Read more at The ...

Posted on 23/05/2025

Trust Bank revenue doubles to S$97m whilst losses narrow in 2024

Costs reportedly rose only 4% in 2024, the Singapore-based digital bank said. Trust Bank’s revenue rose 148% to S$97m in 2024 from S$39m in 2023, according to a report. Operating losses narrowed to ...

Posted on 23/05/2025

Issue 149: Funds take lion’s share of global blended finance volumes; Singapore upgrades sustainability reporting training syllabus

Blended finance at critical crossroads, says Convergence; accounting regulator publishes guide for sustainability reporting trainers Read more at The Business Times.

Posted on 23/05/2025

Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal

HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two ...

Posted on 23/05/2025

Singapore market a ‘safe haven’ amid global volatility; market reforms signal upside potential: Morgan Stanley

SINGAPORE] Analysts from Morgan Stanley are strong on Singapore equities, as the market continued to outperform global stocks year to date – with a total return of 13 per cent. Read more at The ...

Posted on 23/05/2025

Singapore shipbroker Vantage plans New York listing as it targets global expansion

Vantage Corp is aiming to become the only New York-listed shipbroker with plans to launch an initial public offering. Securities filings show the Singapore parent of Vantage Shipbrokers is aiming to ...

Posted on 23/05/2025

HK debutant Mirxes says China-Singapore ‘dual engine’ will drive growth amid global changes

Lihan Zhou, CEO and Co-Founder of Mirxes, a Singapore-based bio-test company, discusses the company's Hong Kong IPO and growth prospects.

Posted on 23/05/2025

Malaysia and Singapore are struggling to stay neutral in US-China trade war

Senior ministers warn that Southeast Asian nations are finding it increasingly difficult to remain neutral as the growing trade conflict between the United States and China forces them to choose sides ...

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